The #IFC is investing US$301 million in #Vinte’s #GreenHousing to advance #Sustainability, affordable housing and #ClimateGoals. Visit #MexicoBusinessNews for updates on the #RealEstate industry! #Mexico #EDGEcertified #HousingInnovation
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🏗 🌿 If municipalities across the GTHA want #developers to step up and build better #buildings, it's time for better incentives to get the industry onboard, so that today’s ambitious targets become tomorrow’s minimum expectation. Bryan Purcell, VP Programs and Policy, introduces financial and non-financial rewards to incentivize #GreenBuilding across the #GTHA and lists three best-in-class examples of leading developers meeting higher tiers in green development standards. It is possible - but more support is needed. With all levels of government laser-focused on building millions of new homes, now is the time to ensure high performance, #LowCarbon buildings are the norm rather than the exception 👉 https://lnkd.in/g3BFnruc #GDS #GreenConstruction #BuildGreen #GreenDevelopmentStandards #UrbanPlanning #Development #Policy #NewBlog #Blog
Local incentives would get developers onboard to build better
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Build Change's Noll Tufani calling for resilient housing finance solutions at #BuildForClimate today: "The system is broken. It is a case of market failure. We need modular, incremental financing solutions...bottom up and top down...to make accessible financing that actually works for low-income communities.” “We need a systems change approach to address this - addressing the financing barriers that prevent access to resilient housing for billions worldwide. At each point in the value chain, this market failure can (and in the communities we work in, most often does) lead to a non-resilient house.” See Build Change's Guide to Resilient Housing for case studies where #ResilientHousing programs are adequately financed, backed up by policy, and embraced by the people. https://lnkd.in/gQSMZyBK Thanks Global Alliance for Buildings and Construction (GlobalABC) and Ministère Écologie Territoires and UN Environment Programme for hosting this important discussion on this enormous, but solvable, challenge.
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Latest on Showhome: Financing Sustainable Housing Showhome Editor Joseph Clarke investigates the evolving realm of sustainable housing financing, spotlighting government incentives, banking innovations, and the impact investment trend... When it comes to modern construction, the urgency for sustainable and eco-friendly housing developments is greater than ever. As the world confronts pressing environmental challenges, the housing industry is swiftly embracing sustainable practices. However, financing such projects presents both promising opportunities and distinctive challenges. Fortunately, various avenues exist, including government initiatives, financial aid from banks, green bonds, and impact investing, all serving as tools to encourage housebuilders and housing developers to build greener. Government Incentives Government incentives play a pivotal role in catalysing sustainable housing initiatives, providing housebuilders and housing developers with crucial financial support and incentives to embrace eco-friendly building practices. The Levelling Up Home Building Fund In the quest to address the pressing need for more homes and vibrant communities across England, the Levelling Up Home Building Fund emerged in 2022 as a beacon of support for small and medium-sized... Read more here: https://lnkd.in/dy-PCCjn #NewHomes #NewBuild #Housing #Sustainability #Property Jonathan Pittock
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Here is my latest article in this month's Intermediary magazine. Have a read. https://lnkd.in/eXJZVBmU https://lnkd.in/eWApcVp5 #qualitydata #netzero #biodiversitynetgain #newbuild #retrofit
With a renewed focus on the UK's net zero targets under a Labour Government, the housing market is still facing significant challenges. One such challenge is the legislation introduced earlier this year for the new build sector, which requires developers to incorporate biodiversity net gain into their project planning. Lenders will need to get to grips with these requirements, as lending against new build homes that must meet this legislative standard will require a new level of due diligence. The biodiversity net gain legislation will increasingly influence lending decisions as new developments are completed and buyers apply for mortgages. Lenders are already dealing with the complexities of assessing and quantifying carbon emissions for assets on their balance sheets. Much of the data available for this assessment comes from energy performance certificate bandings, which can often be inaccurate or outdated. While the renewed push for greener solutions under the Future Homes Standards is generally seen as a positive step in the housing industry, significant challenges remain in measuring deliverability. A key aspect of this is accounting for the real volume of housing and existing stock cannot be overlooked. Although it may seem that lenders are facing an overwhelming workload, there are solutions and data partners available to assist with these elements. Read more The Intermediary Sept issue pg 46 ➡️https://lnkd.in/eXJZVBmU ➡️https://lnkd.in/eWApcVp5 #netzero #lenders #retrofit #climatechange #biodiversity #legislation
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IFC Invests $301 Million In Vinte’s Green Housing Project In Mexico The International Finance Corporation (IFC), part of the World Bank Group, has announced a financing package of MXN 6,011 million (US$301 million) to support Vinte Viviendas Integrales, S.A.B. de C.V. (Vinte) through the Vinte Green PCG Project. This project focuses on providing affordable, energy-efficient housing in Mexico, helping to reduce the country’s housing deficit while supporting its climate goals. As part of the package, IFC will provide an “A” loan of MXN 1,150 million (US$58 million) to help Vinte acquire Servicios Corporativos Javer S.A.B. de C.V. (Javer), a leading real estate developer in Mexico. The loan will also fund Vinte’s […] Read the full story here: https://lnkd.in/d5WWFFwe #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #cleanenergy #development #greenenergy #greenhousing #ifc #renewableenergyproject #renewableenergy #sustainability
IFC Invests $301 Million In Vinte’s Green Housing Project In Mexico
http://solarquarter.com
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What are your thoughts on integrating green financing into urban infrastructure projects? Recently I had an opportunity to interact with ET Infra and share the innovative green financing approaches adopted by Pimpri Chinchwad Municipal Corporation in collaboration with Palladium: Make It Possible. We are proud to take a step towards a #greener, more #sustainable future. Our exploration of #GreenFinancing for development projects marks a significant shift in the way we approach urban growth, ensuring it is not just rapid but also environmentally responsible. Green financing allows us to align our development goals with climate resilience and sustainability. By tapping into #InnovativeFinance mechanisms, our initiatives reduce carbon footprints, enhance green spaces, and improve the quality of life for our residents. This reflects our commitment to a holistic approach where development goes hand-in-hand with environmental stewardship. I invite urban planners, sustainability advocates, and finance experts to share insights and collaborate on this transformative journey. Let’s build cities that future generations can be proud of! https://lnkd.in/drWwXcbr #GreenBonds #SustainableDevelopment #UrbanDevelopment #MunicipalBonds Amit Kumar Patjoshi Anurag Gautam Lisha Bendre Parul Sharma
Maharashtra’s Pimpri Chinchwad Municipal Corp explores green financing for development projects - ET Infra
infra.economictimes.indiatimes.com
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#London's 35 Local Planning Authorities (LPAs), comprising the 32 boroughs, the City of London Corporation, the London Legacy Development Corporation, and the Old Oak & Park Royal Development Corporation, implement carbon offset funds to mitigate emissions from new developments. These funds are collected when developments cannot achieve required on-site carbon reductions, with the payments directed toward local carbon reduction projects. Carbon Offset Pricing Across London Boroughs: The standard carbon offset price recommended by the Greater London Authority (GLA) is £95 per tonne of CO₂. However, some boroughs have adopted higher rates to accelerate their carbon reduction goals, find below some of the boroughs Carbon offset price strategy: London Borough of Lambeth Aligning with the GLA's recommendation, Lambeth sets its carbon offset price at £2,850 per tonne, calculated as £95 per tonne over a 30-year period. London Borough of Richmond upon Thames Richmond adopts the GLA's recommended price of £95 per tonne of CO₂. Westminster City Council: Increased the offset price to £330 per tonne for electric-based schemes and £880 per tonne for gas-based schemes. Royal Borough of Kensington and Chelsea: Set the offset price at £2,850 per tonne, calculated as £95 per tonne over 30 years. These variations in carbon offset pricing reflect each borough's strategy to address carbon emissions and promote sustainable development. Developers are encouraged to consult the specific policies of the borough in which they are operating to ensure compliance with local carbon offset requirements. Recent London Developments in Carbon Offsetting: GLA Carbon Offset Funds Monitoring Report 2023: Published in November 2024, this report indicates that LPAs have collected approximately £146 million in carbon offset funds and secured a total of £187 million through legal agreements since 2016. The graph below shows the Carbon Offset contributions in London between 2016 and 2023. #ClimateAction #Sustainability #NetZero #CarbonNeutral #CleanEnergy #Decarbonization #GreenEconomy #ClimateChange #EnergyEfficiency #CarbonOffset #CarbonPricing #CarbonMarkets #EmissionsReduction #ClimateFinance #CarbonNeutrality #CarbonFootprint #SustainableLondon #LondonBoroughs #UrbanDevelopment #SmartCities #LondonClimateAction #PlanningPolicy #GreenLondon #ESG #SustainableBusiness #Leadership #SustainableDevelopmentGoals #FutureOfCities
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Australia's housing crisis is complex—but maybe our approach to solving it should be too. Maybe the solution lies in making housing a shared priority across industries, not just in housing policy. Rather than looking only to government programs, we could leverage Australia’s booming industries—like mining, healthcare, and education—as sources of revenue to support housing initiatives. This could create a self-sustaining cycle where other sectors directly support housing growth, addressing immediate needs while promoting long-term affordability. #HousingCrisis #AffordableHousing #AustraliaHousing #SustainableSolutions #CrossIndustry #EconomicGrowth #HousingInitiatives #Innovation #FutureOfHousing #Collaboration
Help Housing Help Itself
medium.com
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#DYK the Vereco team can offer a variety of services through the Canada Greener Affordable Housing program? This initiative was launched in 2023 to address the growing need for safe, affordable housing in Canada. The program funds improvements to aging buildings to improve energy efficiency and their lifespan. Vereco offers a variety of services that will help determine your community's eligibility for this funding, including: ➡️ Energy Audits ➡️ Energy Modelling Study ➡️ Building Condition Assessments (BCA) ➡️ Project Construction Drawings and Specifications ➡️ Energy Conservation Measure (ECM) recommendations. These services and their resulting reports will assist your community in making informed decisions to improve energy efficiency, reduce operating costs, review projections for Green House Gas emissions (GHGs), enhance overall sustainability, and support the pursuit of funding under the Canada Greener Affordable Housing (CGAH) Pre-Retrofit Program. Click the link to learn more about the program. #Vereco #VerecoSmartGreenHomes #VerecoConsultingAndDesign #VerecoHomes #PassiveHouse #AffordableHousing #HomeDesign #Green #PassiveBuildingDesign #GreenEnergyHome #PassiveDesign #PassiveEnergy #Construction #EcoHomeCanada
Launch of Canada Greener Affordable Housing (CGAH) program
shha.re
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173 or 14.3% of our completions were EPC A-rated dwellings last year. Adam Masters, Assistant Director of Environment and Sustainability, shared with Inside Housing that "we expected the numbers to rise, due to the nature of developing new homes and the time that it takes to get through planning and then actually completing the homes on site”. "Although many housing associations strive to produce high-quality homes, they must jump through financial and logistical hoops to do so. “ Supply chains, contractors and planning processes are just a few of the challenges faced but these are balanced with the benefits of providing affordable warm homes for customers and the longevity and ongoing costs of those homes. #affordablehomes #sustainability #GCOE #GreenoakCentreOfExcellence #EPCA
Annual delivery of homes rated EPC A has increased almost five-fold in two years. What is driving this drastic growth and what does the future hold? Alex Funk reports. Patrick Berry at Together Housing Group, Allan Fisher at Nottingham Community Housing Association, Adam Masters at Stonewater, Marcus Blayney at Wales & West Housing, Richard Lupo at SHIFT Environment and Richard Weeks at EDAROTH UK share their thoughts. How many did your housing association complete? Peabody Accent Group Ltd ClwydAlyn Bromford Karbon Homes United Welsh SNG (Sovereign Network Group) Flagship Homes Pobl Group The Hyde Group Orbit Group https://lnkd.in/e_2BPuYa #ukhousing #climatechange #sustainability #energyefficienthomes #EPC #assetmanagement #housingdevelopment #housingassociations
What is driving the growth of EPC A homes and what does the future hold?
insidehousing.co.uk
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